World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


APEC provides boost to world economy, says Gita

APEC provides boost to world economy, says Gita

Surabaya, Indonesia, 20 Apr 2013 - APEC member economies are in a position to provide an added boost to the world economy and the multilateral trading system. This is vital to sustaining the gradual recovery that appears to be currently underway, said Gita Wirjawan, Indonesia’s Trade Minister when he opened the APEC Ministers Responsible for Trade Meeting on Saturday in Surabaya.

At their meeting this weekend, Ministers are discussing ways to support the multilateral trading system including attaining the Bogor Goals, achieving sustainable growth with equity and promoting connectivity. They have also gotten briefings from the World Trade Organization and the private sector.

“We gather here at a time when the global economy is believed to be improving although the road to recovery may be still bumpy,” explained Gita. “The world is increasingly looking at APEC as a new source for global economic growth.”

Gita acknowledged that increasingly economies in the Asia-Pacific view regional trade agreements as a way to reduce barriers to business and strengthen economic productivity.

The region is host to some development toward new trade configurations such as the ASEAN Economic Community, Trans Pacific Partnership, Regional Comprehensive Economic Partnership, China-Japan-Korea talks, as well as new sub-regional and bilateral initiatives.

But this trend does not undermine the value of strengthening the World Trade Organization.

Gita urged APEC to provide a big push for a successful 9th WTO Ministerial Conference in December in Bali. This is considered by some as the only window of opportunity to the Doha Round of negotiations.

“APEC has been an important forum that supports an open and rules based trading system, building upon the confidence to move together on opening up and reforms whether unilaterally, regionally or multilaterally.”

“APEC has always recognized the importance of complementing the economic integration with capacity building,” added Gita. “The world around acknowledges the role APEC has played in taking both collective and individual actions to address the economic challenges of modern times.”

Ministers will continue their meeting here in Surabaya on Sunday.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Palestine: Border Police Extremely Close When They Shot The US Activist

New testimony at final hearing in Tristan Anderson's trial indicates Border Police were extremely close when they shot the US activist in the head More>>

Palestine: Ni’lin Demonstrators Met With Violence

International Solidarity Movement On the 20th of March, during Ni’lin’s weekly Friday demonstration, Israeli occupation forces attacked protestors with about 20 rounds of tear gas canisters shot with the ‘venom’ tear gas launcher mounted on a military jeep ... More>>

ALSO:

UN Envoy Says Yemen On 'Rapid Downward Spiral'

Yemen stands on the brink of civil war amid deepening political tensions and an uptick in sectarian violence, United Nations Special Adviser Jamal Benomar warned today as he explained that only through dialogue could the country achieve a peaceful political transition. More>>


Continued International Support As Vanuatu Recovers

Damage seen on Saturday 14 March 2015 in Port Vila, capital of Vanuatu, after Cyclone Pam moved through the Archipelago. Photo: UNICEF Pacific More>>

UNICEF Rushes Emergency Supplies For Cyclone-Affected Tuvalu

The United Nations Children's Fund (UNICEF) is dispatching emergency life-saving supplies to communities in Tuvalu as part of its efforts to assist communities in the Pacific region that were affected by Tropical Cyclone Pam, with nutrition and hygiene kits arriving today. More>>

Vanuatu: Regenvanu Expects 50% Of People Struck By Pam To Be Homeless

Vanuatu Minister of Lands Ralph Regenvanu says more than 50 percent of those hit by super Cyclone Pam at the weekend are now homeless. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news